Purpose and Functions. Paragraph 1 sets out the purpose of the Bank to mobilise resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries; working in cooperation with other institutions which aim to reach the same or similar outcomes. Paragraph 2 set out the instruments that the Bank shall employ in order to fulfil its purpose; including, public private projects through loans, guarantees, equity participation etc. Additionally the Bank shall provide Technical Assistance to projects to be supported by the Bank.
Appears in 2 contracts
Sources: Inter Governmental Agreement, Inter Governmental Agreement